Another public company has abandoned its Bitcoin treasury after selling the last 764 BTC

KULR Technology Group has sold its remaining Bitcoin, completing a retreat from a treasury strategy it began unwinding in August.

The battery technology company sold about 764 Bitcoin between Aug. 20 and Sept. 11 for roughly $58.6 million in gross proceeds, according to a regulatory filing. The transactions were completed at a weighted average price of about $76,633 per Bitcoin.

The sales reduced KULR’s Bitcoin holdings to zero as of Sept. 11, closing out a position that the company had already cut sharply as it repaid debt, ended its mining operation, and redirected capital toward its core energy business.

KULR said it sold the Bitcoin through a series of open-market transactions to unrelated buyers as part of its treasury management operations. The filing did not disclose the coins' cost basis or whether the final disposal produced a realized gain or loss.

The exit extends a reversal that became visible in August, when KULR disclosed that it had sold roughly 333 Bitcoin after June 30 for about $21.5 million. About $20 million of those proceeds went toward repaying principal owed to Coinbase.

That repayment reduced one balance-sheet pressure tied to the company’s Bitcoin strategy while also shrinking its exposure to the cryptocurrency. KULR had previously accumulated Bitcoin as a treasury asset and operated mining infrastructure before beginning to pull back.